21 July 2023
21 July 2023
With the capital investment of $300m, KDP will become La Colombe’s second largest investor, owning a third of the business.
DeSantis has suggested AB InBev may have “breached legal duties owed to its shareholders”.
The deal sees Familia Torres’ local arm – Torres China – combined with Summergate.
The distiller’s pair of deals in European spirits come against a backdrop of pressure on consumer spending.
The CMA concluded “rising costs have not been passed on in full to consumers”.
The sale of the Apertini owner again shows the interest in lower-price brands.
It follows a shaky financial period for the Clos Pegase brand owner, which predicted lower than expected revenue for fiscal 2024 despite “improving” margins.
“The message is clear: if you dare to shed light on Diageo’s conduct, you will be punished” – Combs’ legal team.
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